The Tale of Plastic Finance
THE TALE OF PLASTIC FINANCE
By Anonymous
It’s a slow day in a small British market town. The sun is beating down (really?) and the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich tourist is driving through town. He stops at the hotel and lays down £100 in cash on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night.
As soon as the man walks upstairs, the hotel owner grabs the £100 note and runs next door to pay his debt to the butcher.
The butcher takes the £100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the £100 and heads off to pay his bill at the feed and fuel supplier.
The guy at the Farmer’s Co-op takes the £100 and runs to pay his debt to the local prostitute who has also been facing hard times and has had to offer her ‘services’ on credit.
The hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the £100 note back on the counter so that the rich traveller will not suspect anything.
At that moment, the tourist comes down the stairs, picks up the £100, states that the rooms are not satisfactory, pockets the money and leaves town.
No one produced anything. No one earned anything. However, the whole town is now out of debt and looks to the future with a lot more optimism.
And that, ladies and gentlemen, is how the British(and American) Governments are conducting business today.
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